Living in rural area situations

[Jonah Wilson]

I’m in an area where homes can be as low as $3,000 with an ARV of $80,000+, of course repairs can be above 40k in most however, most of the homes are vacant due to lack of population growth. I’m surrounded by deers and trees mostly and the Mountain View is breathtaking but the cost of living is very affordable and this town is really a jewel with the classic cars and antiques. Majority of the homes were built in the early 1900’s and a lot of pipeliners are sent here to work. Research will show big companies buying homes for their employees to stay when in town. I do have 1 investor buying in my area but there are tons of deals and steals here. My concern is this; being less than a year into investing and having horrible credit I don’t have a clue how to build funds for my deals or attract buyers to what I think would be solid investments? I need funds or enough flips to build my own finances. It’s to the point we’re I’m considering moving to Columbus to grow my business but I find it hard to leave this place because the scenery is very enchanting. All advice and or comments welcomed.

[Thomas S.]

It does not sound like the area holds any financial future regarding growth.

If you are living in a affordable area and have no money and bad credit that is a very clear indication that you have no financial future there.  Smart decision is to move to where the work is and go back to vacation.